companies act 2013

After a company’s incorporation, appointment of additional director is not only a crucial administrative requirement but also an important procedural requirement which has to be fulfilled as per the provisions of companies act 2013. Please remember only an individual can be appointed as a director in a company. This means a company, association, firm or other body with … [Read more...] about How to appoint a new or additional director to an existing company

Corporate identity number or CIN is a unique 21 digit registration number which each and every company gets after getting registered with ministry of corporate affairs. With effect from 1st April 2014, 183 new sections of companies act 2013 has been notified. Out of that list, section 12 is one of such section which deals with Corporate identity number or CIN to be quoted in … [Read more...] about Corporate identity number or CIN is mandatorily required to mention in company’s letterhead

By now, we all know that filing of form MGT14 is mandated by section 117 of the companies’ act 2013. As per this section companies are required to file MGT14 in certain special cases as required by law. Today in this article we will be looking into the applicability of normal filing fees that a company is required to be paid while filing form MGT14 and penalty or additional … [Read more...] about Normal and Additional fees for late filing of form MGT14

Object clause is in company’s memorandum of association which is created and filed with ROC at the time of company incorporation. Object clause specifies those objectives for which a company is registered in India. Company can not do any other business which is not specified in the object clause of memorandum of association. There can be instances where you may require to … [Read more...] about How to change company’s object clause – Companies act 2013

Earlier to companies act 2013, a company auditor was required to file form 23B after getting appointment letter from the company. E-form 23B was required to be filled within 30 days from the date of appointment. After the introduction of companies act 2013, procedure and responsibility of filling auditor appointment with registrar of companies has changed. As per section … [Read more...] about When and who has to file form ADT1 – Auditor’s appointment as per companies act 2013

Company law provisions are changed with the introduction of new companies act 2013. As per the new provisions of section 117 and 179 of companies act 2013, companies registered in India are required to file board resolution with respect to approval of financial statements for the financial year 2013-2014 and onwards. In this article, we will be discussing provisions related … [Read more...] about Form MGT14 is to be filled with board resolution approving financial statements – Companies act 2013

The earlier list of resolutions or agreement that were required to be filled as per companies act 1956 has now been widened in new companies act 2013. Section 117 of the new companies act 2013 has specified certain resolutions or agreements which are required to be filled with ROC along with explanatory statement within 30 days from the date of passing resolution. As per … [Read more...] about Resolutions for which form MGT14 is to be filled with ROC – Companies act 2013

A company auditor who is appointed under section 139 of companies act 2013 shall provide only those services that are not disallowed under section 144 of companies act 2013. Companies act 2013 has introduced a new concept by including certain non-audit services to the list which a company auditor can not render to the company in which he or the CA firm is appointed as … [Read more...] about Non-audit Services that company auditor can not render to a company – Companies act 2013

An individual shall be eligible for appointment as company auditor only when such individual is a qualified chartered accountant in practice. If a company has decided to appoint an audit firm as company’s auditor then majority of partners must be practicing chartered accountants in India. Earlier provision of companies act 1956 required all the partners to be chartered … [Read more...] about Qualification or disqualification of company auditor – section 141 of companies act 2013